Kyocera Corporation (KYOCF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kyocera Corporation $12.05, price $23.48, upside -48.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $8.13 – $25.56 · fair‑value band $8.42 – $13.83 · the $23.48 price screens above the $12.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Kyocera Corporation develops and sells products based on fine ceramic technologies in Japan, China, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments.
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Kyocera Corporation develops and sells products based on fine ceramic technologies in Japan, China, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to semiconductor, industrial machinery, automotive, and information and communication-related markets; optical components; jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants. The Electronic Components Business segment provides sensors and control components; and various electronic components and devices, including capacitors, crystal devices, connectors, and power semiconductor devices for diverse fields comprising information and communications, industrial equipment, automotive, and consumer-related markets. The Solutions Business segment offers cutting tools, as well as pneumatic and power tools for automotive-related and general industrial, and construction markets; printers for commercial and industrial uses; and communication terminals, such as mobile phones, as well as solution services, ICT solution, and engineering services; also provides MFPs, commercial inkjet printers, communication modules, displays, and printing devices, as well as smart energy-related products and services, and solution services, such as document management system. The company was formerly known as Kyoto Ceramic Kabushiki Kaisha and changed its name to Kyocera Corporation in 1982. Kyocera Corporation was incorporated in 1946 and is headquartered in Kyoto, Japan.
Stock analysis
Kyocera Corporation (KYOCF) currently trades at $23.48, while our model-based Fair Value estimate is $12.05, implying the stock looks roughly 94.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 25 models at a data quality of 95/100, which puts the evidence level at high.
Scenario range: $8.42 (bear) to $13.83 (bull), the price of $23.48 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kyocera Corporation reported revenue of ¥2.1T in FY2026 versus ¥1.8T in FY2022, a compound +3.2%/yr. Reported net income was ¥142B in FY2026, compounding −1.1%/yr from FY2022.
Key figures
Market cap $32.2B · P/E ratio 36.7 · P/S ratio 2.50 · EPS (TTM) $0.6400 · Dividend yield 1.5% · Net margin 6.8% · Return on equity 4.4% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 38% fair-value upside, at −49%, KYOCF screens richer than that median.
Fair Value models
Bear $8.42Fair Value $12.05Bull $13.83
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Start year 2021 (pandemic). Over 10 years: +3.5% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−19.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.7%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19% vs −10%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 6%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 9.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+28.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +26.1% a year for the price and −0.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 378 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−49% · Below median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)36.7× · Priciest 25%
P/B1.52× · Pricier than median
P/S (TTM)2.47× · Priciest 25%
P/FCF0.5× · Cheaper than median
EV/EBITDA17.5× · Priciest 25%
PEG2.73× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)25· sector 16
PAST (return on equity)18· sector 19
HEALTH (low debt)97· sector 89
DIVIDEND (yield)30· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kyocera Corporation Fair Value". https://www.fairvalue-calculator.com/stock/KYOCF
Frequently asked questions
Is Kyocera Corporation (KYOCF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $12.05 versus a price of $23.48, about −49% upside (overvalued).
What is the fair value of KYOCF?
Our model-based fair value for Kyocera Corporation is $12.05 (as of Sep 24, 2026), built from audited fundamentals. The current price: $23.48.
What is the quality score of KYOCF?
Kyocera Corporation has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kyocera Corporation (KYOCF)?
Our model-based price target is the fair value of $12.05 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario $8.42, optimistic scenario $13.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyocera Corporation stock forecast for 2026?
Our models put fair value at $12.05, about −49% upside versus a price of $23.48 (overvalued). Cautious scenario $8.42, optimistic scenario $13.83. The calculation is refreshed regularly with new filings.
What is the revenue of Kyocera Corporation (KYOCF)?
Kyocera Corporation reported trailing-twelve-month revenue of about ¥2.1T (latest available figure, as of Sep 24, 2026).
Does Kyocera Corporation pay a dividend?
Kyocera Corporation currently shows a dividend yield of about 1.49% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kyocera Corporation (KYOCF)?
For today's price to be fair in a discounted-cash-flow model, Kyocera Corporation would have to grow free cash flow by +28.7 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KYOCF use?
Our models discount Kyocera Corporation at 8.1 %: a base by market capitalisation (large), damped by beta 0.45, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kyocera Corporation that is +28.7 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Kyocera Corporation (KYOCF) delivered so far?
Over the past 5 years revenue at Kyocera Corporation grew +6.4 % a year. The price currently implies +28.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kyocera Corporation (KYOCF) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Kyocera Corporation (+28.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kyocera Corporation (KYOCF)?
The free-cash-flow yield on the price is 1.32 %: that much free cash flow Kyocera Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyocera Corporation (KYOCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyocera Corporation it is $12.05 per share (as of Sep 24, 2026), against a price of $23.48. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Kyocera Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KYOCF trades above its calculated fair value: price $23.48, fair value $12.05, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KYOCF?
No. The price is what the market pays today ($23.48); the fair value is what the company's own numbers justify ($12.05). For Kyocera Corporation the two are $11.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyocera Corporation worth?
The market values Kyocera Corporation at about $32.2B (market capitalisation, as of Sep 24, 2026). Per share that is $23.48; our models calculate a fair value of $12.05 per share.
What do the bullish and bearish scenarios say about KYOCF?
Our models span a range for Kyocera Corporation: cautious scenario $8.42, base $12.05, optimistic $13.83 per share (as of Sep 24, 2026, price $23.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KYOCF?
Kyocera Corporation trades at a price-to-earnings ratio of 36.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.05 is built from several models across several years. Other multiples: PEG 2.7, P/B 1.5, P/S 2.5, EV/EBITDA 17.5.
What is the PEG ratio of KYOCF?
The PEG ratio of Kyocera Corporation is 2.73 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kyocera Corporation (KYOCF)?
Balance-sheet figures for Kyocera Corporation (as of Sep 24, 2026): return on equity 4.4%, debt of 0.06 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is KYOCF from its 52-week high?
Kyocera Corporation trades at $23.48, about 8% below its 52-week high of $25.56 and 85% above the low of $12.71 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $12.05 is for.
Which stocks are comparable to Kyocera Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kyocera Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $23.48, calculated fair value $12.05 (−49%), Quality Score 57/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KYOCF calculated?
We run Kyocera Corporation through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $12.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Kyocera Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kyocera Corporation (KYOCF)?
The closing price on Sep 23, 2026 was $23.48. Our model-based fair value is $12.05, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyocera Corporation right now?
The price sits above even our optimistic bull case ($13.83). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Kyocera Corporation (KYOCF) come from?
Earnings per share at Kyocera Corporation grew −15.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share −10.7 %, EBIT margin −5.6 %, tax rate −1.5 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kyocera Corporation
How large is the market capitalisation of Kyocera Corporation (KYOCF)?
The market capitalisation of Kyocera Corporation is $32.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kyocera Corporation (KYOCF)?
The price-to-sales ratio of Kyocera Corporation is 2.50 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kyocera Corporation (KYOCF)?
Earnings per share at Kyocera Corporation are $0.6400 (price ÷ EPS = P/E 36.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kyocera Corporation (KYOCF)?
The dividend yield of Kyocera Corporation is 1.5% (payout 54.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kyocera Corporation (KYOCF)?
The net margin of Kyocera Corporation is 6.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kyocera Corporation (KYOCF)?
The return on equity (ROE) of Kyocera Corporation is 4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kyocera Corporation (KYOCF)?
On an EBIT basis the return on assets of Kyocera Corporation is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kyocera Corporation (KYOCF)?
The operating margin of Kyocera Corporation is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyocera Corporation (KYOCF)?
Revenue at Kyocera Corporation is growing +4.9% versus a year earlier (3y avg +0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kyocera Corporation (KYOCF)?
Earnings per share at Kyocera Corporation are growing +692% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kyocera Corporation (KYOCF) hold?
Kyocera Corporation holds more cash than debt, ¥124B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Sep 24, 2026